Book Publish Date
11-Jul-2023
New Standards
● IPSAS 5, Borrowing Costs –
Non-Authoritative Guidance (issued November 2021);
● Improvements to IPSAS, 2021 (issued
January 2022); and
● IPSAS 43, Leases (issued January
2022).
Amendments
A number of IPSAS were amended as a result of
the IPSASB’s Improvement to IPSAS, 2021 project. This project involves
making non-urgent but necessary changes to IPSAS. The following IPSAS have been
amended:
● IPSAS 17, Property, Plant, and
Equipment;
● IPSAS 19, Provisions, Contingent
Liabilities, and Contingent Assets;
● IPSAS 22, Disclosure of Financial
Information about the General Government Sector;
● IPSAS 29, Financial Instruments:
Recognition and Measurement;
● IPSAS 30, Financial Instruments:
Disclosures;
● IPSAS 33, First-time Adoption of
Accrual Basis International Public Sector Accounting Standards (IPSASs);
● IPSAS 39, Employee Benefits; and
● IPSAS 41, Financial Instruments.